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CAREERS

Accountants can improve the way they do business

Many accountants could be wasting time and compromising the accuracy of their financial reports by spending too much time collecting data and not enough time analysing the information, according t...

By Business Reporter | Published: 10 June 2013

EUROPE

Cypriots banks reopen with tight controls

Cypriots banks reopen on Thursday with tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to prevent the coun...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Banking sector complies with indigenisation and empowerment regulations

THE banking sector is complying with the country's indigenisation and empowerment regulations, despite spirited efforts from some quarters to discredit the programme.Youth Development, Indigenisatio...

By Staff Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet Wireless unveils phone debit card

Zimbabwe's largest mobile phone company, Econet Wireless, has unveiled a new function on its mobile money service EcoCash which allows a cellphone to also operate as a virtual debit card.The functio...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

CFI finds investor for Victoria Foods

CFI has secured an investor for its milling business Victoria Foods while there are discussions with a potential investor for one of the poultry arms, group CEO Steve Kuipa told the AGM this morning...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

NicozDiamond's Hatfield cluster project to commence this year

NicozDiamond's Hatfield cluster project development will commence this year, MD Grace Muradzikwa told an analyst briefing yesterday. "We have been looking at other property investments and seei...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Willdale to ramp up capacity to 60% by end of year

 Willdale is on the verge of realising efforts of the last 5 months under the new strategic plan with the production capacity rising to 20% and is looking at 30% next month as the drier sea...

By Staff Reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord not pulling out its investment in Malawi despite profits decline

The Dairibord Zimbabwe Limited (DZL) has said it is not pulling out its investment in Malawi despite recording a 41 percent decline in profitability on the Malawi market.DZL investment recorded the...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Industry revival under spotlight

Revival of industries and setting up new ones will come under the spotlight during the Zimbabwe International Trade Fair annual business conference next month. The one-day conference being co-hosted...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

ZMDC in talks with foreign investors

The Zimbabwe Mining Development Corporation (ZMDC) says it is in talks with several foreign investors to partner the newly set up Mining Promotions Corporation (MPC) in the exploration of the country...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

ZSE launches online data portal

HARARE- The ZSE has launched an online data portal which will provide information on listed companies to local investors, foreign investors and stakeholders. ZSE acting chief executive officer...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Chisumbanje ethanol plant resumes operations

GREEN Fuel resumed operations at its ethanol plant here yesterday, raising prospects that the country could soon start the mandatory blending of fuel that has been on the cards for sometime.There wa...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Zim’s Railroads Riding to Extinction

HARARE - Zimbabwe’s rail transport system may be nearing extinction if the government does not take drastic action to solve the series of operational challenges that have made commuter and goods t...

By Staff Reporter | Published: 10 June 2013

EUROPE

Cyprus clinches last-minute deal, uninsured depositors lose out

Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return f...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Chisumbanje ethanol plant re-opening on Monday

ARDA board chairman Basil Nyabadza says all is set for the re-opening of the Chisumbanje ethanol plant on Monday following its closure 15 months ago.The re-opening of the plant is anticipated to op...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe set to reintroduce daily flights to Johannesburg

THE embattled national airline Air Zimbabwe is set to reintroduce daily flights to Johannesburg in the next two weeks as the carrier works towards a return to full schedule in preparation for the up...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Barclays Africa executive set to meet Saviour Kasukuwere

A SENIOR Barclays Africa executive is set to jet into the country next week to meet with Indigenisation minister Saviour Kasukuwere to chart the course on how the financial conglomerate's local oper...

By Staff reporter | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe policy environment least supportive in the world

The World Economic Forum (WEF) has said Zimbabwe's policy environment is one of the least supportive in the world due to restrictive laws regarding foreign direct investment and property rights.&nbs...

By Fin24 | Published: 10 June 2013

ZIMBABWE

Zim economy has potential to reach Singapore size by 2050

A leading emerging markets economist says Zimbabwe's economy has the potential to grow to the size of Singapore by 2050 if it guarantees property rights, rafts effective agriculture and currency pol...

By Staff reporter | Published: 10 June 2013

FINANCIAL SERVICES

FBC has no immediate capitalisation pressure

FBC Holdings will not be selling Turnall Holdings any time soon because there is no immediate capitalisation pressure in the group's subsidiaries, chief executive officer, John Mushayavanhu told ana...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord rationalising its operations to make the group leaner

Dairibord will focus on rationalisation of operations, group chief executive Anthony Mandiwanza told an analyst briefing yesterday."The rationalisation of operations which we intend to undertake is...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Turnall building capacity to compete in 2013 and beyond

Turnall Holdings reiterated its $300 million annual turnover target by 2015 even as its F12 financial performance weakened compared with F11 as MD John Jere told analysts yesterday that they are b...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Cosmetic manufacturer 'Wallace Laboratories' liquidated

WALLACE Laboratories, a cosmetic manufacturer owned by former deputy minister Phineas Chihota has been thrown into liquidation after it declared insolvency.Creditors met at the High Court to conside...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Beira-Feruka oil pipeline usage increases

THE usage of the Beira-Feruka oil pipeline continues to increase over the years owing to the Road Levy which the Government imposed on fuel dealers, who bring the product by road.Statistics released...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Air Zimbabwe to start offering daily flights

CASH-STRAPPED national carrier, Air Zimbabwe will in the next two weeks start offering daily flights to Johannesburg, Harare and Bulawayo when the servicing of one of its two A320 airbuses and an MA...

By Business Reporter | Published: 10 June 2013

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